Result
From profit to loss in 2025, after a profit of €91,979 in 2024.
From profit to loss in 2025, after a profit of €91,979 in 2024.
Green is investment, beige is depreciation.
Between 2018 and 2025, 74% of the full-time equivalents disappeared.
Short-term debts rose from €625,322 to €627,133.
More equity than 95% of companies in food and beverage service. Sector median €109,727 · 967 companies.
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 63% of them on solvency, 52% on liquidity, 30% on profitability and 39% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 12,322 companies had the same profile as WPC has now. Each dot stands for 31 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WPC itself: 0.4% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for WPC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 5.37 (0.55 in 2024), above the usual 1.5. Short-term debt is 5.5% and cash 0.1% of total assets. However, 55.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| WPC Bilzen-Hoeselt | €11.5m | €0.9m | 44.4% | 3.9 |
| DGS-8 Real Estate Liège | €8.0m | €1.1m | 19.9% | 3.8 |
| SOFIAS Oud-Heverlee | €25.6m | €0.7m | 52.2% | 4.5 |
| LANAKEN INVEST Lanaken | €10.1m | €1.1m | 23.6% | - |
| LE DAVIS Berchem-Sainte-Agathe | €11.4m | €1.1m | 55.1% | 8 |
| TENERE Ghent | €5.2m | €0.7m | 25.2% | 7 |
| D.D.P.M. Liège | €5.3m | €1.8m | 56.9% | 6.5 |
These companies have the same main activity as WPC: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €5.2m and €26m, founded between 1984 and 2003.
WPC has existed since 1998. The gross margin fell from €605,271 in 2019 to €100,925 in 2020 and staff from 9.9 to 6.8 full-time equivalents.
The gross margin has grown every year since 2020. Solvency fell in 2025 from 67.3% to 44.4% because of the loss and higher long-term debts.
In February 2022, the Official Gazette published the appointment of IMMO 8 as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
See how customers, suppliers and banks see your own company and what to improve first.
If something looks wrong or is missing, please tell us.